News with the tag "USDh"

Huione Group, a Cambodian-based company that is reportedly behind the largest illicit marketplace is facing allegations that it misled blockchain security company Certik to produce a favorable audit for its newly launched stablecoin, USDH. In a post on X, Certik co-founder Ronghui Gu claims that the...

Huione Group, the company behind Telegram-based illicit marketplace Huione Guarantee, has launched its stablecoin. According to blockchain security company Elliptic, it launched the USDH stablecoin in September. Huione Group introduced the stablecoin just a few months after Elliptic published its re...

Hermetica, the creator of USDH, a Bitcoin-backed, yield-bearing synthetic dollar, has secured $1.7 million in seed funding. The round, led by UTXO Management, will accelerate the development of USDH, a stablecoin that operates on Bitcoin’s layer one (L1) and layer two (L2) networks. USDH Gains Momen...

Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi operations using layer two (L2) solutions like Stacks. Hermetica...

USDh is the first Bitcoin-native synthetic dollar with yield-generating capabilities. Is the 25% yield sustainable?